Funding you earn now, next payment 00:00 UTC+0.1224%/8h= +134.0% APRnext payment +$6.12 per $10,000 · paid last 24h +0.139%
Price spread now: MEXC against Gate−0.078%7-day average +0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1181.177% of the position
Funding, last 7 days+0.331%+$33 on $10k
+Price spread, last 7 days+0.234%+$23 · spread now −0.078%, 7d avg +0.157%
=Funding pays, the price is against you. MEXC is 0.234% cheaper against Gate than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.157%). If the spread goes back, that is −$23 on $10k: about 15 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.331% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.331% in total (about 17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTW_USDT | 0.8717 | 0.0586 | pay 0.0293% / 4h | 2h 03m | $3.9M | $15.6M | 10x |
| Short | MEXC BTW_USDT | 0.8710 | 0.1810 | get 0.0905% / 4h | 2h 03m | $11.2M | $6.1M | 20x |
Gate BTW_USDT
MEXC BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $257.04
- Price spread: −0.078% → +0.157%
- −$23.42
- Slippage, 4 orders
- −$102.75
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $115.88
- Costs to cover
- 1.177%
- Break-even
- 3.8 days
Slippage from Gate: live order book, 1 min ago; MEXC: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 1 min ago | 10.75 bp | 43.7 bp −$44 | 75.8 bp −$758 | 303.0 bp −$30.3K | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.72 bp | 10.0 bp −$10 | 41.4 bp −$414 | 218.2 bp −$21.8K | 773.0 bp −$386.5K |
BTW on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8723 | +0.072% | $214K | $766K | 10x | as long as short |
| Gate BTW_USDTlong | +0.0586% | 4h | 0.8717 | long leg | $3.9M | $15.6M | 10x | |
| KuCoin BTWUSDTM | +0.1482% | 4h | 0.8727 | +0.115% | $8.0M | $4.7M | 10x | as long as short |
| Aster BTWUSDT | +0.1485% | 4h | 0.8725 | +0.092% | $2.4M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1616% | 4h | 0.8720 | +0.039% | $27.6M | $12.8M | 5x | as long as short |
| MEXC BTW_USDTshort | +0.1810% | 4h | 0.8710 | −0.078% | $11.2M | $6.1M | 20x | |
| edgeX BTWUSDC | +0.1810% | 4h | 0.8707 | −0.112% | $359K | $497K | 10x | as long as short |
| Binance BTWUSDT | +0.1815% | 4h | 0.8701 | −0.185% | $121.5M | $160.5M | 10x | as long as short |
| Extended BTW-USD | +0.1816% | 1h | 0.8699 | −0.201% | $42K | $13K | 5x | as long as short |
| BingX BTW-USDT | +0.2840% | 4h | 0.8709 | −0.089% | — | $4.4M | — | as long as short |
HTX BTW-USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
edgeX BTWUSDC
Binance BTWUSDT
Extended BTW-USD
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.3096% | 4h | 0.8704 | −0.150% | $16.1M | $36.5M | 10x | as long as short |
Bybit BTWUSDT